Australian shares tread water as mega chipmaker reports

The local share market has finished pretty much where it began the day, after a highly anticipated earnings report from the world’s largest company failed to re-ignite sentiment.

The benchmark S&P/ASX200 index on Thursday finished 3.3 points lower at 8,323.0, a drop of 0.04 per cent, while the broader All Ordinaries fell 12.1 points, or 0.14 per cent, to 8,567.0.

The Australian dollar was buying 65.14 US cents, from 65.23 US cents at Wednesday’s ASX close.

This post was originally published on Michael West.